3D Printing Tissues and Organs Just Got Faster

Machine Design | April 23, 2019

More than 113,000 people are on the U.S. transplant list. A shortage of donors means about 20 of those people die every day waiting for organs, according to the U.S. Dept. of Health. But this could change, thanks to researchers at UC Berkeley, who have developed a device with the potential to 3D print living tissue, bone, blood vessels, and even entire organs on demand.
Currently, two major hurdles stand in the way of organ printing. Living cells and functioning organs require specialized temperature and chemical conditions to survive, so cells deteriorate during 3D printing because the process is too slow. And even if an organ gets printed, transporting it requires safe storage which is not as developed as it could be.

Spotlight

When selecting a manufacturer for plastic components, look for a partner who offers complete plastic solutions. Rather than providing just the base molding services, they should guide your team with project management from the initial design stage to the delivery of the finished product. At AdvanTech Plastics, we offer customers start to finish injection, insert and two-shot molding solutions.

Spotlight

When selecting a manufacturer for plastic components, look for a partner who offers complete plastic solutions. Rather than providing just the base molding services, they should guide your team with project management from the initial design stage to the delivery of the finished product. At AdvanTech Plastics, we offer customers start to finish injection, insert and two-shot molding solutions.

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MANUFACTURING TECHNOLOGY

Chase Corporation Acquires NuCera Solutions

NuCera Solutions | July 19, 2022

Chase Corporation (NYSE American: CCF), a leading global manufacturer of protective materials for high-reliability applications across diverse market sectors, today announced that it has entered into a definitive agreement to acquire NuCera Solutions, (“NuCera” or the “Company”) from SK Capital (a private equity firm headquartered in New York). NuCera is a recognized global leader in the production and development of highly differentiated specialty polymers and polymerization technologies serving demanding applications, offering products critical to enabling end-product functionality, performance and reliability. NuCera is headquartered in Houston, Texas with its primary production facility based in Barnsdall, Oklahoma and additional international sales offices in France and Singapore. The Company employs approximately 130 people globally. For the trailing 12-month period ended April 30, 2022, the Company recognized an estimated revenue of $83 million with Adjusted EBITDA1 margins exceeding 25%. NuCera will be acquired for a purchase price of $250 million, pending any working capital adjustments and excluding acquisition-related costs. The purchase will be funded by utilizing Chase’s existing revolving credit facility and available cash on hand. The transaction is expected to close by the end of the third calendar quarter of 2022, subject to customary closing conditions and regulatory approvals. Chase expects this acquisition to be accretive to earnings within the first year of ownership. Chase will be modestly levered (~1.2x pro-forma net leverage) post acquisition and maintains ongoing financial flexibility. “The acquisition of NuCera is transformational in advancing Chase’s strategic growth priorities. NuCera is a recognized leader in developing and manufacturing specialty polymers and polymerization technologies that serve demanding applications globally. The Company’s strong market position, North American manufacturing footprint and captive synthesis capabilities will allow us to gain additional scale and expand our presence across multiple new high-growth end markets, while maintaining both a strong balance sheet and financial flexibility. NuCera’s culture and technology driven growth oriented mindset closely align with those of Chase, and we are excited to welcome the NuCera team and their highly differentiated products to Chase Corporation and its customers.” -Adam P. Chase, President and Chief Executive Officer of Chase Corporation. Steven McKeown, Chief Executive Officer of NuCera, commented, After a notable period of growth, we are very excited to join the Chase family which offers a strong cultural and strategic alignment to our business. Our portfolio of innovative, high-performance products is well aligned with Chase’s core philosophy of making a material difference. On behalf of everyone at NuCera, we greatly look forward to beginning our journey with the Chase team. Mario Toukan, Managing Director of SK Capital, commented, It has been a pleasure to support the development and growth of NuCera. SK invested heavily in NuCera’s people, capabilities and facilities, establishing a leading platform of technology-oriented, specialty polymers. We believe NuCera is well-positioned to continue its growth under Chase Corporation’s ownership and we wish them continued success. The acquisition of NuCera drives Chase’s proven core growth strategy and is an attractive step in the continued transformation of Chase. NuCera will expand Chase’s global reach into new blue-chip customers and attractive high-growth end markets such as personal care, polymer additives, coatings, diversified consumer products and masterbatches. In addition, Chase expects to have meaningful long-term synergy opportunities. Chase will continue to market under NuCera brands and the business will be integrated into Chase’s Adhesives, Sealants and Additives reporting unit. About NuCera Solutions- With an 85-year history of innovative chemistry, NuCera is a global leader in the development and manufacture of highly differentiated specialty polymers for markets that require high quality and performance: Adhesives, Coatings, Imaging, Masterbatches, Personal Care, Plastics and other consumer applications. NuCera supplies performance chemistry to global markets from its highly flexible manufacturing facilities in Barnsdall, OK which are supported by R&D and applications laboratories as well as pilot plant facilities. About Chase Corporation- Chase Corporation, a global specialty chemicals company that was founded in 1946, is a leading manufacturer of protective materials for high-reliability applications throughout the world.

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3D PRINTING

Velo3D publicizes Sapphire XC 1MZ, which enables large-format metal 3D printing up to one meter tall.

Velo3D | June 17, 2022

The First Systems of the New 1-Meter Sapphire XC Will Be Delivered to Several Aerospace Companies in Late Q3. Sapphire printers are fully compatible and deliver repeatable, consistent outcomes across any machine, as the printers include four distinct system variations. In addition, customers can scale up as production limits are reached by adding another printer to their fleet. Velo3D, a leading metal additive manufacturing technology company for mission-critical parts, announced the Sapphire XC 1MZ. As a result, customers can now print parts one-meter-tall, with a total build that is twice the volume of Sapphire XC and nine times that of the original Sapphire, expanding the addressable use-cases of Velo3D's end-to-end metal additive manufacturing solution. The Sapphire XC 1MZ builds on Velo3D's legacy of delivering cutting-edge performance for metal additive manufacturing technology, with the largest laser powder bed fusion print volume from a leading manufacturer. The Sapphire XC 1MZ was developed in response to customer feedback from the aerospace, energy, and defence industries. Benny Buller Founder and CEO of Velo3D said, “Without advanced metal additive manufacturing it would be difficult to build many of the technologies that are shaping the future of our world. Our innovative customers have a clear understanding of how the technology can unlock new capabilities for their businesses and transform their product offerings. New systems, like the Sapphire XC and Sapphire XC 1MZ, support that transformation by significantly increasing throughput up to 400% and lowering costs by up to 75% compared to the original Sapphire.” The Sapphire XC 1MZ will be available in all the materials currently offered by Velo3D, including Aluminum F357, Amperprint® 0233 Haynes® 282, GRCop-42, Hastelloy C22, Hastelloy X, Inconel® 625, Inconel® 718, Scalmalloy, and Titanium 6AI-4V Grade 5. The Sapphire XC 1MZ aims to combine the large diameter of the Sapphire XC with the 1-meter build height of the Sapphire 1MZ to obtain the maximum print volume of any pioneering manufacturer's laser powder bed fusion printer. Visit the Velo3D blog or download the datasheet to learn more about the Sapphire XC 1MZ.

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PROCUREMENT & SUPPLY CHAIN

EY & Logility Pair Up to Enable Insights-driven Supply Chain Management

Logility | July 04, 2022

On June 29, the EY organization announced a partnership between Logility, Inc., a supply chain and retail planning solutions supplier and Ernst & Young LLP (EY US) to assist organizations in implementing insights-driven supply chain management to boost their business outcomes. The rapidly changing business environment has had a significant impact on supply chains. Organizations today face a variety of business challenges as a result of legacy supply chain systems. These range from a lack of visibility across the value chain to operational inefficiencies and delays, as well as hiccups in marketing, sales, and distribution. The EY-Logility Alliance combines Logility's supply chain planning solutions with EY US's extensive experience in process management, program governance, change management, and delivery framework to help address these issues. Organizations will be able to improve their supply chain management as a result of this alliance, resulting in better business outcomes such as increased visibility of their supply chains, better demand forecasting, cost and process optimization, sales management, faster response to market dynamics, and improved strategic decision-making. Logility has over 45 years of experience in supply chain and optimization services, with hundreds of successful implementations. Their Logility® Digital Supply Chain Platform uses AI, machine learning, and automation to provide clients with valuable business insights. Meanwhile, EY US has extensive experience in technology implementation and system integration, as well as tenured cross-functional supply chain leadership. They work together to create and support digital, sustainable supply chains. "Organizations around the world are undergoing a digital revolution, leveraging the strength of technology to reimagine and optimize their operations. The EY-Logility Alliance is positioned to help customers reinvent their supply chains. The alliance brings customers a network of technology, harnessing AI, machine learning and automation with implementation support to help realize sustainable outcomes while going digital." -Srini Muthusrinivasan, Supply Chain Technology Consulting Leader, Ernst & Young LLP. Allan Dow, President of Logility, says: We are very excited about this alliance. EY US shares our vision and our deep commitment to customer success. Our industry-leading digital supply chain platform, together with EY US capabilities, will help organizations drive innovation, increase competitiveness and solve business problems. In this way, the alliance will help companies succeed.

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